To give you some idea of the risk, if palm oil grown in peatlands in Southeast Asia replaces only perhaps 5 % of the soybean or rapeseed oil diverted to biodiesel, then the emissions from that decomposing peat alone cancel out any benefit from not using fossil fuels. (sciencemag.org)
Last year the Agricultural Ministry lifted a moratorium on the conversion of peatlands of less than 3 meters in depth for oil palm plantations. (news.mongabay.com)
In addition, the journal «Mitigation and Adaptation for Global Change» is soon publishing a series of 10 papers on peatlands in Southeast Asia, Latin America and Central Africa by researchers from CIFOR and other organizations. (forestsnews.cifor.org)